Barclays Forecasts Strong Price Appreciation for Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan (NYSE:KMI) had its target price increased by stock analysts at Barclays from $27.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price target suggests a potential upside of 3.99% from the company’s previous close.

KMI has been the subject of several other research reports. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.37 during trading hours on Thursday, hitting $29.81. 5,609,172 shares of the company’s stock were exchanged, compared to its average volume of 11,504,691. The firm has a 50 day moving average of $27.47 and a two-hundred day moving average of $23.91. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $29.85. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $66.23 billion, a P/E ratio of 26.15, a P/E/G ratio of 3.71 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. Sell-side analysts forecast that Kinder Morgan will post 1.17 EPS for the current year.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KMI. Sunflower Bank N.A. grew its holdings in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares in the last quarter. Ignite Planners LLC lifted its stake in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after purchasing an additional 372 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after purchasing an additional 385 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after purchasing an additional 414 shares during the last quarter. Finally, SignalPoint Asset Management LLC lifted its position in Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after acquiring an additional 447 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.